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Prices of locally produced vehicles continue to decline in December 2012

BEIJING— Prices of locally produced vehicles in December 2012 remained a decline of 1.05 percent on a yearly basis, according to the data released by National Development and Reform Commission (NDRC)’s survey on 36 large and medium cities nationwide.

The drop rate of passenger vehicles and commercial vehicles prices was 1.7 and 0.25 percent in the month, respectively.

Additionally, the prices of import vehicles were down by 1.39 percent year-on-year. The prices dropping rate of import cars was 3.63 percent, but imported SUVs prices grew by 0.94 percent compared to the same month of 2011.

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